Founding members included representatives from the City of London Police, The New York County District Attorney’s Office and the Center for Internet Security agreed on a list of today’s top cyber risks, in order to develop joint strategies to counter their effects.

Based on their expertise, these three organizations ranked phishing attacks as today’s greatest cyber threat, followed in order by risks arising from weak identity and authentication mechanisms, risks arising from vulnerable and compromised websites, and Distributed Denial of Service (DDoS) attacks.

Phishing remains ineffective against a security expert, however, against a typical end user, it is very effective.

In order to stop, or at least cut down the number of phishing attacks, the GCA plans to promote the usage of the DMARC protocol that makes it harder to spoof original domains. Further plans include the GCA promoting the usage of secure DNS practices, which will also impede basic spear-phishing attacks.